The Goldman Sachs Group, Inc. $GS Stock Position Lifted by Strategic Planning Group LLC

Key Points

• Strategic Planning Group LLC increased its stake in The Goldman Sachs Group, Inc. by 18.4%, owning 9,129 shares valued at $6,461,000 after purchasing additional shares in the second quarter.
• Goldman Sachs recently announced a quarterly dividend increase to $4.00 per share, up from $3.00, representing an annualized yield of 2.0% and a payout ratio of 35.26%.
• CEO David M. Solomon and COO John E. Waldron sold shares of the company, reflecting a decrease in their ownership, with Solomon's sale totaling approximately $4.7 million.

Strategic Planning Group LLC lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 18.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,129 shares of the investment management company's stock after purchasing an additional 1,417 shares during the quarter. Strategic Planning Group LLC's holdings in The Goldman Sachs Group were worth $6,461,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of The Goldman Sachs Group during the 1st quarter worth approximately $25,000. Mascagni Wealth Management Inc. acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $31,000. American Capital Advisory LLC acquired a new stake in shares of The Goldman Sachs Group during the 1st quarter worth approximately $29,000. Godsey & Gibb Inc. raised its position in shares of The Goldman Sachs Group by 170.0% during the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after purchasing an additional 34 shares during the period. Finally, Lowe Wealth Advisors LLC raised its position in shares of The Goldman Sachs Group by 326.7% during the 1st quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company's stock worth $35,000 after purchasing an additional 49 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO David M. Solomon sold 6,608 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total value of $4,706,944.48. Following the sale, the chief executive officer directly owned 126,176 shares in the company, valued at approximately $89,876,426.56. This represents a 4.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO John E. Waldron sold 9,000 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $750.51, for a total value of $6,754,590.00. Following the completion of the sale, the chief operating officer owned 106,268 shares in the company, valued at approximately $79,755,196.68. This represents a 7.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,323 shares of company stock valued at $28,111,828. 0.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

GS has been the topic of a number of research reports. Morgan Stanley increased their price target on The Goldman Sachs Group from $680.00 to $715.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Royal Bank Of Canada restated a "sector perform" rating on shares of The Goldman Sachs Group in a research report on Thursday, July 10th. HSBC restated a "reduce" rating and issued a $627.00 target price (up from $558.00) on shares of The Goldman Sachs Group in a research report on Tuesday, July 8th. Evercore ISI set a $715.00 target price on The Goldman Sachs Group and gave the company an "outperform" rating in a research report on Thursday, July 10th. Finally, Wall Street Zen upgraded The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Five equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of "Hold" and an average target price of $665.00.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $804.45 on Monday. The stock has a market cap of $243.52 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 1.68 and a beta of 1.41. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $809.66. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.57. The business has a fifty day simple moving average of $738.03 and a 200-day simple moving average of $638.81.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The firm had revenue of $14.58 billion during the quarter, compared to analysts' expectations of $13.53 billion. During the same quarter last year, the firm earned $8.62 earnings per share. The business's revenue for the quarter was up 14.5% on a year-over-year basis. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be given a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a yield of 2.0%. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. The ex-dividend date of this dividend is Friday, August 29th. The Goldman Sachs Group's dividend payout ratio (DPR) is 35.26%.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.

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